Sunday, February 27, 2011

Euro Falls to Almost 3-Week Low Versus Yen on Ireland Vote, Middle East

The euro touched its lowest level in
almost three weeks against the yen on speculation a new Irish
government will seek to share the burden of rescuing the
country’s financial system with senior bank bondholders.
The common currency retreated from a more than three-week
high against the dollar after Enda Kenny, leader of Ireland’s
Fine Gael party, said he’ll push for the quick formation of
government and the re-negotiation of an

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